Entrepreneurs Get Head Start from Xignite Financial Web Services

Internet Start-Ups Palantir Technologies, Turing Studios and StockTwits Leverage
On-Demand Financial Market Data from Xignite to Accelerate Time to Market and
Reduce Investment Risk

SAN MATEO, Calif.--(Business Wire)--
Xignite, Inc., the leading cloud services provider of on-demand global financial
market data and application components, today announced its work with emerging
financial information companies Palantir Technologies, an analytics platform
provider, Turing Studios, an iPhone application developer, and StockTwits, a
social stock micro-blogging community. These companies represent a new wave of
start-ups that are integrating existing application components from Xignite Web
services in unique ways to bring solutions to market at a fraction of the time
and total cost of ownership of their predecessors.

Traditionally, start-up companies that needed financial market data to build
their applications were forced to waste valuable time and resources to obtain
data and expend high up-front investment costs that had to be recouped quickly
through advertising and end user revenue. Now, entrepreneurs can leverage
on-demand market data from Xignite that is affordable, immediately available and
scalable for any size Web business. Xignite`s financial Web services provide
these companies with the tools to create new service offerings using only a few
lines of code, freeing entrepreneurs to focus their energy and creativity on
bringing new ideas to market.

"Next-generation financial applications are unable to cope with legacy
technology, but Xignite helps these companies get to market in a fraction of the
time, while limiting their up-front investment risk," said Stephane Dubois, CEO,
Xignite. "Many start-up founders tell us they could not exist without Xignite
financial Web services, yet with our assistance they are paving the way for the
rest of the industry to inevitably follow them."

Palantir Technologies` Palantir Finance product is an enterprise platform built
to enable banks and hedge funds to integrate and analyze all their disparate
commercial and proprietary data sources. The platform, which encompasses the
entire analysis stack, was built with a focus on security, scalability, ease of
use and collaboration, and is a core component of any organization`s
intelligence infrastructure. Specifically, Palantir Finance is using Xignite`s
historical stock quote Web service for its ease of integration and license terms
that permit publishing data to the Web, which enables them to publically
demonstrate their platform through a public instance called JoyRide.

Turing Studios is the developer of multiple iPhone applications, including
PortfolioLive, a portfolio management application that tracks stock prices,
values, option and futures. PortfolioLive utilizes market data from the Web, but
user demand for real-time market data led the company to create a real-time
offering using Xignite`s BATS Last Sale Web service, which will be available in
December 2009. The Web service funnels real-time stock quotes from the up and
coming BATS Exchange directly into the iPhone application, enabling Turing
Studios to save money on development and server infrastructure costs, while
providing better information to their users interested in real-time stock market
data.

"Xignite is flexible and worked closely with us to find a solution that best fit
our needs," said Andy Sharp, senior systems architect, Turing Studios. "We could
never supply our customers with the data they need at a price they can digest
without Xignite."

StockTwits is an open, community-powered information service for investments.
Users can eavesdrop on traders and investors or contribute to the conversation
and build their reputation as savvy market wizards. To serve its user base of
94,000 traders and investors, research analysts, financial enthusiasts and
institutional representatives, StockTwits has been working to expand their
financial data capabilities by offering on-demand ticker price queries. With the
help of the Xignite NASDAQ last sale and security master Web services,
StockTwits can efficiently pull on-demand information without having to sift
through useless data.

"With Xignite, we are able to access the exact financial data we want, without
paying for data we don`t need," said Howard Lindzon, co-founder, StockTwits.
"The foreign exchange data used in our application enables StockTwits to be more
successful by supporting our lightweight approach of delivering vertical value
to a horizontal community, where both constituencies share a common passion: the
desire to consume and share real-time information."

For the latest updates from Xignite read our blog at www.blog.xignite.com or
follow us on Twitter at www.twitter.com/xignite.

About Xignite

Xignite is the leading cloud computing provider of on-demand, Web services for
professional-grade financial market data and applications, fulfilling more than
one billion service requests per month. Xignite offers the broadest selection of
financial Web services available today with more than 50 solutions covering
domestic and global equities, commodities, currencies, fixed income and
interbank interest rates, analyst predictions, company fundamentals, corporate
information and news. Xignite solutions power mission-critical applications for
portfolio management, sales management, trading, investor relations, executive
dashboards, asset pricing, ERP, accounting, e-commerce, online games and
financial websites for more than 600 global clients, including Citi, GE
Commercial Finance, Wells Fargo, ING, Marsh & McLennan, Forbes.com, NetSuite,
kaChing.com, Wolfram|Alpha, Seeking Alpha, Starbucks, and Wendy`s. For more
information, please visit www.xignite.com or call 1-866-XML-SOAP.

Schwartz Communications
Annie Klein or Clinton Karr, 415-512-0770
xignite@schwartz-pr.com

Copyright Business Wire 2009